Economy Improving in the Swing States
Posted in the Burkesville Forum
#1 Jul 25, 2012
electoral-vote.com/evp2012/Pres/Maps/Jul23.ht... the national economic picture is still poor, the pain is not uniformly distributed around the country. In reality, unemployment in California or Texas is not terribly important for the election because we already know how those states will go. What is more important is the jobs picture in the 10-12 swing states that will decide the election. In seven of those states (Iowa, New Hampshire, New Mexico, Ohio, Pennsylvania, Virginia, and Wisconsin, the unemployment rate is below the national average of 8.2%. In some cases it is way below. In Virginia, a truly crucial state, it is below 6%. While people in those states read about the national average, when they see that their friends, neighbors, and relatives are finding jobs, it will be harder for Mitt Romney to convince them that Obama has failed to get the economy on track. It is crazy and not good public policy, but from Obama's perspective, creating one job in Virginia is worth 10 jobs in Texas. But this is a consequence of the 18th century electoral college and the fact there this not a national election, but 51 state elections.
#2 Jul 25, 2012
Bob Wills is and always will be the king of swing. Long live Texas.
#3 Jul 25, 2012
Of course it is improving with all the spending the two parties are doing--millions, millions, millions!
#6 Jul 31, 2012
Economies on both sides of the Atlantic need help. Unemployment in the 17 countries that use the euro remained at a record 11.2 percent in June, the European Union reported Tuesday. The International Monetary Fund expects the eurozone economy to shrink 0.3 percent this year.
The U.S. government announced last week that the American economy grew at a listless 1.5 percent annual pace from April through June, even slower than the 2 percent rate in the first three months of the year. On Friday, the Labor Department will reveal just how bad the American job market is. Economists expect the unemployment rate remained at 8.2 percent for the third straight month in July and that the economy generated just 100,000 jobs, not enough to keep pace with population growth. The first three months of 2012 job growth averaged more than 225,000 a month.
Still, many economists say the U.S. economy isn't yet weak enough to push the Fed to act now. Some good news dribbled in Tuesday: The Conference Board said consumer confidence rose in July for the first time in five months. The Commerce Department said Americans' incomes grew in June at the fastest pace in three months. And the Standard & Poor's/Case-Shiller home index showed that home prices rose in May from April in every city the index tracks.
Investors have been demanding record high interest rates on Spanish government bonds because they're worried Spain will be overwhelmed by the cost of bailing out its troubled banks and regional governments. That has raised fears the country may be the next to seek a bailout from the other eurozone countries, following Ireland, Greece, Portugal and Cyprus. Italy, too, is struggling to control its debts as a stagnant economy pinches tax revenues and drives up spending on unemployment benefits and other social programs.
Poor old man TNBLOWFLY will be pissed at any good economic news, he's as bad as Mitch McConnell!
“THE WEAK CAN NEVER FORGIVE”
Since: Feb 08
#7 Jul 31, 2012
I wish that obama had been the most successful president ever, and I never want to see people suffer for my or anyone else's political gain. The less intelligent democrats like you, prefer people staying in misery so your politicians can keep people needing them and keeping them in office.
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